The fact that money is ending up as corporate profits does not actually prove that corporate profits are causing inflation. For example, consider natural gas: i

The fact that money is ending up as corporate profits does not actually prove that corporate profits are causing inflation. For example, consider natural gas: it's now vital to producing all kinds of things, from fertilisers and electricity to consumer goods. Supply of it was already tight coming out of the pandemic as factories tried to catch up on missed production and consumers spent the money they'd saved up from furlough, boosted unemployment, etc - then Russia choked off their exports and invaded Ukraine and there wasn't enough. This directly choked off the amount of stuff that consumers could purchase, causing inflation as more money chased less goods and services. That money ended up as profits at gas producers; their costs hadn't changed, but the market price of their product increased until demand dropped down to meet the available supplies. However, this doesn't mean that inflation could be avoided if we could only stop the greedy gas companies from profiteering and force them to charge less. They cannot supply the amount the global economy would consume if everyone's wages were worth as much and they could buy as much with them as before, which means any lower prices would be fake: there'd be people and businesses who'd want to buy at those prices but couldn't despite having the money, much like how the Soviet Union or Venezuela ended up with empty shelves. For the same reason, wage increases to try and bring people's spending power back to what it was cause further inflation - this is why central banks are worried about a wage-price spiral but the idea of a profit-price spiral is just populist nonsense.